If Money Demand Relative to the Level of Real Output

question 121

Multiple Choice

If money demand relative to the level of real output is constant then,the slope of the AD curve is

• A)steeper the steeper the slope of the LM curve.
• B)flatter the flatter the slope of the LM curve.
• C)steeper the flatter the slope of the LM curve.
• D)horizontal if the LM curve is vertical.

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Definitions:

Generalization

The ability to apply learned skills or behaviors to different situations, settings, or contexts beyond the original learning environment.

Conditioned Response

A learned reaction or behavior that an organism develops in response to a specific stimulus.

Logical Parts

Components of an argument or process that follow a coherent sequence, ensuring the overall structure is consistent and reasonable.

Adaptive Character

The ability of an individual to adjust and adapt to changes in their environment or circumstances.